Managing Director, Convertible Sales Trader
New Today
Citizens is seeking a dynamic and experienced Convertible Sales Trader to lead our convertible bond trading desk in New York. This individual will be responsible for managing client relationships, executing trades, and driving strategic growth in the bank's convertible securities business. The ideal candidate will have deep product knowledge, strong institutional relationships, and a proven track record in sales trading.
Primary responsibilities include
- Lead the convertible bond sales trading desk, overseeing execution and client coverage.
- Provide liquidity and market insight to institutional clients across both arbitrage and long-only convertible investors.
- Develop and maintain strong relationships with buy-side clients and internal stakeholders.
- Collaborate with capital markets, equity research, equity trading, and high-yield trading teams to deliver comprehensive market solutions.
- Monitor market trends, pricing, and risk to optimize trade execution and profitability.
- Ensure compliance with regulatory requirements and internal risk controls.
Qualifications, Education, Certifications and/or Other Professional Credentials
- 10+ years of experience in convertible bond sales trading or a related field.
- Deep understanding of convertible securities, capital structure arbitrage, and equity derivatives.
- Strong client network and ability to generate revenue through relationship-driven trading.
- Excellent communication, negotiation, and leadership skills.
- Strong analytical skills with a good understanding of financial markets
- Ability to understand complex market structures and electronic trading
- Ability to perform in a dynamic trading environment
- Proficient in Microsoft Word, Excel and PowerPoint
- Excellent communication and organizational skills
- Bachelor's degree in finance or related field, or equivalent experience.
- Series 7, 63, 24 and 55 licenses (or equivalent) required
Hours & Work Schedule
- Hours per Week: 40 +
- Work Schedule: Monday to Friday
Pay Transparency
The salary range for this position is $250,000 to $300,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens' paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.
About Us
Equal Employment Opportunity
Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.
Equal Employment and Opportunity Employer
Job Applicant Data Privacy Policy
Background Check
Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.
- Location:
- New York